BAA shares do well on property sell-off

There were positive and negative performances from travel and tourism shares yesterday as London’s equity markets stagnated. The FTSE 100 dropped 2.4 points to close at 5041.8, while the FTSE 250 had a similar day, gaining just 0.6 points to end the day at 7370.1. Probably the best performance came at BAA, which put on 3.5p to close at 636p after selling party of its property portfolio for £575million. The company said the cash would be used for expansion in the UK and abroad. Alpha Airports 100p UP 0.5p BAA 636p UP 3.5p British Airways 281.5p UP 2.5p CNG 97.25p NO CHANGE Carnival 3156p UP 1p De Vere 555.75p DOWN 10.75p EasyJet 239.5p DOWN 1.25p ebookers 318.5p UP 0.5p EuroDisney 9.5p NO CHANGE Eurotunnel 16.75p DOWN 0.75p First Choice 175p UP 2.5p Hilton Group 318.5p DOWN 6p Holidaybreak 656p UP 9p Intercontinental 686p UP 3p Lastminute.com 113.5p DOWN 1.5p MyTravel 6p NO CHANGE P&O 311.5p DOWN 0.75p Rank Group 286.75p DOWN 2.25p Ryanair 443.25p DOWN 2.125p Stagecoach 116.5p DOWN 0.25p Report by Tim Gillett, News From Abroad Ltd